The Steps Involved in Calculating the Consumer Price Index and the Inflation

The steps involved in calculating the consumer price index and the inflation rate,in order,are as follows:

A) Choose a base year,fix the basket,find the prices,compute the basket's cost,compute the index,and compute the inflation rate.
B) Choose a base year,fix the basket,find the prices,compute the inflation rate,compute the basket's cost,and compute the index.
C) Fix the basket,find the prices,compute the basket's cost,choose a base year and compute the index,and compute the inflation rate.
D) Fix the basket,find the prices,compute the inflation rate,compute the basket's cost,and choose a base year and compute the index.